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deficit. they have to deal with the deficit. but once you're done with the deficit you have to rebuild the middle class in this country and nobody is paying much attention to that. we have a lot of rhetoric in the campaign but-- >> but the necessary done to help the middle class is to nail down the fiscal issues. if we don't nail down the fiscal issues, i don't think anything will matter. >> but i'm with you, i think it will happen because of necessity, because of the fiscal cliff. >> what it will take to rebuild the middle class? >> it's taken three decades to basically decimate the middle class. it will take something like that to rebuild it. but we have to be dedicated to that. we're focused on a fescal deficit not a human deficit, and we have a human deficit in this country. we have 27 million people either unemployed, working part time, unwillingly, or dropping out of the labor market. >> schieffer: let me work michelle into this conversation. as you sit here hearing this, it's always education that seems to wind up at the back of the line. >> that's right, that's right. and i thi
talking about the deficit. much of the reason is that when you look at states, iowa and new hampshire in particular, this is an issue that resonates as an almost psychic quality that resonates in this region. i think that that is one thing to keep in mind, one of the ways in which you have these kind of strands that don't always coherent way that works for you. i think that that is one thing to keep in mind. you know, it's really interesting to think about. you have this vaccination for much of the country. the broader swath of the electorate. .. gotten it right in talking about how we actually care about the safety. it matters a lot in a free enterprise society geared we actually need to have this. or it's not actually some kind of saying that we garnish on this ballot, but an incredibly important part of making the whole system work. the problem is that ryan, the reason he excited at this as further reason, the way he gives a very apocalyptic language of the threats to free a price and what have you. that is one reasons why governors have a big advantage over legislators. someone li
with a clear, credible, concrete, and enforceable plan to deal with the structural deficit lying ahead. you need to do both. that is the only thing that makes any sense. it is the only thing that m akes sense from the standpoint of politics. >> you spoke in 1992 about the campaign, your plan sounded then a lot like some of these bowls simpson's balanced-type plants that are coming out now. you did some of everything. you did not leave out sacred cows. the one that higher taxes, higher gasoline taxes, you wanted the wealthy to pay more weather in higher taxes or not taking entitlements. do you find that willingness to day on the part of candidates to hit all the sacred cows? >> i do not see anybody doing it, do you? if somebody is doing it, i am missing it. i thought they would hope this go away and they could run on all these things when you are talking on the television. >> would it take candidate saying you'd need to do all those things, not just going after entitlements cut domestic spending, defense, but also to raise taxes? you need to do all those things, do you feel? >> we need to do
want to pay 1 dollar for it. dilemma has three governors in prison for $15 billion deficit. if they want to pay, that's the problem. misery needs to make the tough decisions. should they be put in the mix of whether we've reduced 70 or high-speed rail? is probably in the mix, but i don't think is before us now. i want to see what the load factors to be. that's my world. i want to see supply and demand. if the demand there? will supply. if not, we're not in a position to build it and they will come. we are just not there. >> jim higgins. >> okay, well i am not a transportation expert and i don't think these guys are either. actually i graduated from school as a civil engineer, but they work five years as a civil engineer, but lately i've computers. but why should a bureaucrat decide, you know, what mode of transportation is best, whether we have rail or highway is? it got us in trouble in the beginning. we built all these highways. we overdo it on the highways. now we have pollution and gas consumption because some bureaucrat decided that we needed highways. while now were t
that going for him. who knows, it might help make inroads with that 9% deficit romney is facing against the president in the latest ohio poll. then again, there may not be enough time to do enough shots with enough intoxicated fans before voting starts in ohio tomorrow. so if his running mate is no use, how about a boost from the other person mitt's proposed to, his wife, ann. surely she can provide the comfort and confidence that mr. romney needs to fire up his bid for the presidency. >> my biggest concern obviously would just be for the -- his mental well-being. >> wait? what? mrs. romney, that's not helping. you better finish the thought. >> i have all the confidence in the world in his ability, in his decisiveness, in his leadership skills, in his understanding of the economy, in his understanding of what's missing right now in the economy, you know, the pieces that are missing to get this jump started. so for me i think it would be the emotional part of it. >> right. he's capable, decisive, and emotionally troubled? well, that is an october surprise. let's get right to our panel th
of many. a singular focus on employment in the deficit had taken the wind out of the sales of issues such as these, and, yes, they are critical and linked to jobs and social >> we have done six licensing studies, and taken a look at laws and regulations to see what states are doing, and what we found is really not ok. the average score for centers in our reports is 87, which i do not want to get into. it is about 58%. that would be a failing grade in any classroom in america. we just came out with a report. i do not know if you have seen it. it is called "leaving children to chance." this report can add a couple of months ago and it looked at what is happening in homes. 4 d's. one b's, 4 c's, the 10th state, massachusetts, failed, and they were in the top 10. -- i think iith heard the first remarks say investment in child care and early learning. i do not think it is child care and early learning. i think for parents and many children, child care is an early learning program. on average, 11 million kids, about 35 hours a week, so for those lucky enough, 1.3 million children in pre-k
came in office. i inner hadited the biggest deficit in our history. the last four years it went up and 90 percent is consequence of two wars that were not paid for and tax cut that is were not paid for . prescription drug plan not paid for and worst economic crisis since the great depression. that accounts for 10 percent of the increase in the deficit. >> brian: front page of the new york times. stuart rather thaney it is over one trillion. every budget when they do the math he is over budget by a trillion dollars. >> gretchen: he said 10 percent. wars and the horrible recession he was begin that only accounts for 10 percent. >> yes. >> gretchen: what about the other 90 percent? >> steve: george bushes fault? >> gretchen: i am anding a question. >> you are exposing the attitude of the establishment media to all of president obama and his economic record. break it down. the president said i am only 10 percent responsible for a massive accumulation of debt. he is a big spender, a very big spender and that's the principle reason why we have a massive deficit of trillion a year. he has
trillion national debt we have runaway deficits each and every year. we need to have the people down there and focus in a bipartisan matter. we do not need blood and teeth in the streets. we need people will find solutions. >> in this state, the legacy of senator kennedy is well known. part of that legacy is being able to compromise and work with republicans. can you name republicans in the senate that you are able to work with on big issues that the country faces? >> probably richard would be one that comes to mind. >> not going to be there. >> that is a problem. >> let me ask the question. are there any republicans that will be in the senate that you fill you can work with substantively and compromise with? >> it depends on what the subject matter is. let me give you an example. on the question of fannie and freddie -- fannie mae and freddie mac. the republicans have said across the spectrum that we need to revise fannie and freddie. i think there are wrong. at the that is an issue i think i could work with virtually every republican in the united states senate because it is an imp
dollar for it. illinois has three governors in prison and a 15 billion-dollar deficit if they want to pay for it that is their problem. missouri has to be responsible and make the tough decisions to read should be put in the mix of what we do the high-speed rail? it's probably in the mix but i don't think that is before us right now. i want to see with a factor would be. that's my world. i want to see supply and demand. if it's not there we are not in the position to build it and they will come. we are just not there. >> moderator: jim higgins? higgins: okay. i am not a transportation expert, and i don't think that these guys are either. i graduate from school as a civil engineer and i worked five years as a civil engineer but i haven't lately working on computers. why should a bureaucrat decide, which, what mode of transportation is the best? what we have rail or highways it got a central in the beginning. we build all of these highways. we overdid it on the highway. now we have our pollution and gas consumption because some bureaucrat decided that we needed highways. now we are trying t
to the same standard as well. >> first of all, we have a deficit plan, it's got health care savings. romney doesn't have a deficit plan. he's got a plan to cut taxes for millionaires and billionaires. he's got a 5 trilli$5 trillion. -- another $2 trillion in defense spending. >> just three days into the first presidential debate, meanwhile mitt romney is off to the trail. we have two reports, we begin with nbc's peter alexander, he's with the romney campaign in boston, with a good morning to you, peter. what are you hearing about all the debate preps today. he o'clock najs that this is an important opportunity in her debate. people have a tendency to focus on the small things, like the color of a candidate's tie or the dramatic one liners, which is his need to get across the big picture message. he says if he does that, he thinks he can be effective over the course of the next three debates and ultimately win this thing. we heard this morning from governor chris christie of new jersey, i want to play you another clip from new jersey this morning. chris christ >> and so they're going start t
, and their greatest threat to america is not military, it is the deficit. why do we have a deficit? we have a deficit because of the bushmen in their tax cuts, -- bush millionaires' tax cuts, because they are not paying their fair share of taxes. mitt romney is paying 14% of his income. i do not care how much mr. plummer made, but it is how much he paid. if mitt romney paid 14%, mr. plummer want to go to congress and he wants to write tax policy. don't you think it is fair that he discloses what his tax returns are? [applause] center brady, his running mate, in his failed bid to become lieutenant governor, released his tax returns. he did not pay any federal income tax for two years. what is it that mr. plummer has not paid? >> mr. palmer? >> i will answer the question. if you look and what is happening right now in the united states, if you look at what is happening, you have politicians of both polos -- part is not being honest with the voters. the bush tax cuts -- i will call of the obama tax cuts because they supported the extension. we have a tax code that is more than 72,000 pages, and grows ev
the math work on his deficit plan and his tax plan. are we going to get those details in the course of the debate? >> well, you know, david, i wish you guys were just as tough on the president. the president says he's going to create a million new manufacturing jobs. he doesn't say how. he says he's going to reduce the long-term debt and deficit by $4 trillion. doesn't say how he's going to do it. you know, let's be fair here. governor romney has laid out a direction and a vision for the direction of this country. he's not an accountant. he's not going to go line by line as much as you'd like him to do through the budget. but let's hold the president to the same standard and criticize him as well. >>> good morning, it is monday, october 1st. it's october, everybody. welcome to "morning joe." >> yeah, you know who's glad september's over? >> who? >> the jets. holy cow! >> i thought you were going to say mitt romney. with us on set, we have msnbc and "time" senior political editor mark halperin and national affairs editor for "new york" magazine john heilemann. guys. hi, willie. >> he
cnbc poll, and a national deficit that will pass the $1 trillion mark tomorrow for the fiscal year for the fourth straight year. conventional wisdom saying that president obama should be losing, but there's a slew of national and swing state polls that show president obama building a small lead against republican rival mitt romney. joining me now, tameka simms, and lynn sweet. good afternoon to both of you ladies. >> hello. >> good afternoon. >> let's take a quick look at the polling here. president obama up by five in a fox news poll, six in a bloomberg poll, three in a politico poll, seven points in a "national journal" poll. why do you think that the president is edging out mitt romney in these polls, when the economic recovery has been so slow? >> well, it's a fairly complicated answer, and a lot of it has to do with voter attitudes towards the economy, less so than voter attitudes toward president obama or mitt romney. in many ways, voters have gotten used to the idea of a poor economy, even a lackluster one. and they've kind of gotten used to it. a quarter of the people who s
, this is "early today." in sports, the europeans played their hearts out yesterday, overcoming a 10-6 deficit to match the greatest comeback in ryder cup history. the europeans started out fast and held the u.s. to just 3 1/2 points all day. square mr. jim garcia, jim furyk misses a putt and garcia wins one up, marking a point at which europe came all the way back to take a 13-12 lead. 18th hole, martin kaymer wins the putt to give europe the point they needed to win the ryder cup. >>> packers leading by seven, the saints drew brees connects with a 20-yard strike to marques colston, tying the nfl's all-time mark set by the great johnny unitas. behind in the fourth, the saints had a shot to take the lead, but missed a 48-yard field goal with two and a half minutes to play. green bay won it 28-27. new orleans is 0-4. >>> some trickery in the nfl yesterday. a fake field goal turned into a two-yard touchdown pass to danny amendola, putting the rams ahead of the seahawks late in the first quarter. they would go on to win 19-13. in cincinnati, trailing 7-3 on fourth down, the bengals used a direct
commemorative coins with proceeds to help he raise the federal deficit. -- erase the federal deficit from moon oring the pro football hall of fame, mark twain and send 10 of mother's dame in the past 30s the coins have generated more than 400 million dollars for private companies. congress wants to make coins to help the federal economy. >>> american claims pilots are deliberately causing delays and cancellations leaving passengers in the dust. the troubled airline says pilots are calling in sick or grounding planes for minor repairs. the union says american is operating with too few pilots and aging planes. some passengers say their flights have been cancelled more than once. >> my boss needs me back at work and i can't show up because i'm here to them i'm just a number. >> one flight tracker estimated 100 american flights were cancelled monday san francisco international reports no flight disruptions. >>> san francisco 49ers say their new stadium is 15% complete and 100% on track to open on schedule for the 2014 football season. the media was given a tour of the 1.2 billion dollar, 68,000 se
want bigger government, more intrusive government, trillion dollar deficits as far as the eye can see will vote for him. those who believe we should encourage economic growth, support small business, and create more jobs will vote for me. >> that first debate will take place wednesday night in denver. >>> president obama will stay here in the district today. he has three campaign events scheduled in d.c. the president also campaigned yesterday in virginia. he was 200 miles from romney in virginia beach. >>> the nfl referees are back on the job. the regular refs received a standing ovation when we took the field before last night's ravens-bengals game in baltimore. the honeymoon was short-lived, as you might imagine. the crowd quickly booed when the hometown ravens were called for an unsportsmanlike penalty. this was the first game since the nfl and players union reached a tentative agreement on a new labor contract. nfl commissioner roger goodell apologized to fans for the lockout. >> we're sorry to bring our fans through that, sorry to bring the general public through that. that's, u
in automatic spending cuts hits on january 1st. the plan includes reducing the deficit by about $4 trillion over ten years. an overhaul of the tax code and changes to medicare and social security. several tax cuts could also end if the cliff is not avoided, meaning about $3,500 more in taxes for the average household. >>> american university is warning students to be on alert after a string of incidents where a man has groped students near campus. there have been four reported incidents in the last week. the most recent one happened sunday night on massachusetts avenue. police say the suspect comes up from behind, grabs girls inappropriately, and then runs away. >> i normally feel really safe around here. i'm not in the city or anything. that's a little bit terrifying. >> something's got to be done. i mean, it's definitely uncalled for and not okay. >> au sent an e-mail to students to alert them about the attacks. the university is asking the students to walk in groups and only in well-lit areas. >> 6:06 right now. today marks the tenth anniversary of the sniper killing spree. the first att
problems, which are the debt, the deficit, the fundamentals of us spending too much, in time to reform has to be put in place as does tax reform. host: there was a story taking a look at the defense industry yesterday. guest: we are in a tight spot. there is a lot has been on the books since the 1980's that requires you give your employees notice, 60 days usually and 90 in the new york, if you're going to have massive layoffs. that is what is already taking place. we have massive defense cuts last summer when the budget control act went into place. $487 billion cut. a lot of that is now forcing companies to close facilities. to really pull back because there is no choice. host: a covers the situation, we do not even know what will happen yet and yet they are taking place. guest: it covers any situation where you have to do these massive layoffs. last summer congress already took a huge whack out of defense. now we are anticipating in january we will be in the same spot. companies have an obligation to their employees. they have a responsibility to their shareholders. if you know something
of initiatives to educate voters on issues in the election. the debt and deficit exceed $16 trillion. his article will appear tomorrow in usa today. we will show you an excerpt in just a moment. first some context to ross perot. when he ran as a third-party, he talked about the growing debt. \ [video clip] >> the world of a unlamented opportunity. what what they say to us if they knew by the year 2000 we will have left them with a national debt of $8 trillion? what would they say if they knew we make them the first generation of americans with a standard of living below the generation below them? we cannot do this to our children. in this election we have the opportunity to choose a candidate not a career politician, but a proven business leader with the ability to take on the tasks at hand. to balance the budget, to expand the tax base, to give our children back the american dream. the candidate is ross perot. the issue is our children. the choice is yours. host: from 1992 when he ran his first of two independent bids for the white house, falling short in 1992 and 1996. one viewer says we need t
with some board behind them with numbers and saying how it's a moral obligation to reduce the deficit, just ask them, well, explain how the numbers work. >> then the president turned his own gaffe into a hit on romney. >> i want to see us export more jobs. export more products. excuse me. i was -- i was channeling my opponent there for a second. >> this morning the big news is from the obama campaign. they are out with a two-minute television ad that to many will look like a campaign closure spot if you will and the campaign believes frankly that for many voters it is the closing days before voting. voters in 30 states are already eligible to vote. this ad is the last thing the campaign wants the people to see before the debates. this ad airs in colorado, florida, iowa, nevada, new hampshire and virginia. not north carolina or wisconsin. take a look. >> during the last weeks of this campaign there will be debates. speeches. and more ads. if i could sit down with you in your living room or around the kitchen table, here's what i would say. when i took office, we were losing nearly 800,000 jo
tax rates 20%, as you said, keep the budget deficit from getting larger, and protect the middle class from any tax increases. well, look, if you're going to cut taxes and you're going to be revenue neutral about it, that is not increase the budget deficit, that means somebody is going to have to pay more to offset the fact that somebody is paying less. >> and who is going to pay more? >> well, what mitt romney initially said was that we will just -- we'll get that from the top 1%. we'll get that from wealthy folks. well, that's where the arithmetic comes in. if you look at all of the deductions, you sum them all up, every single tax deduction going to those high-end folk, they don't make up the difference. it's not enough to offset the rate cuts. so you'd have to go to the middle class. >> okay. well, ryan and romney are fond of bragging about how they'll be tough on issues. once again we give you the candidate. >> we'll also take medicaid as well as housing and food stamps, we'll take the dollars that are going in those programs, return them to the states where they'll grow at the ra
on monday. he is interviewed by richard wolf on the economy, the deficit, and debt and how it has changed since he ran for president in 1992. that is monday night on c-span and c-span radio at 9:00 p.m. eastern. find the article in usa today on monday at usatoday.com. >> ahead of next week's first presidential debate, at the center for american progress looked at both your demographics and how they affect campaign strategy. the report also talks about perceptions of the economy, medicare, and hispanic voters. this is 1.5 hours. >> good afternoon. i am buys president for american values and new communities. i want to thank you for the revisited.p i want to wish you a happy book your registration day. i am sure everyone is registered to vote. this is the list of by two great teams. two weeks before the election, i know that may seem like a very short time. in politics it is a lifetime. we were interesting digging into what is happening in this space. what trends are occurring? how do people feel about the economy? you are the people who show up to the polls in november? we want to have a di
on their budget plan, on deficit reduction, but i believe it was haley barbour and others that say the president is not being held to that same standard, the example they bring up is that the president says 1 million jobs -- mitt romney said 12 million and he has not explained but nevertheless, they see this is not equal treatment. when the president is on stage domestic policy, will he be under more fire to talk about the direction of the country because the responsibility and the onus right now is on him being the incumbent? >> i mean, absolutely. here's the reality. if you look at this in terms of, you know, what i think is going to end up happening in this debate, both candidates are going to force -- are going to be forced to answer the gaps if you will. i think the difference is, romney's gaps are the size of the grand canyon. the president i think has laid out pretty clear specific agenda in terms of where he wants to go. plus he has a record that he can go back to. he has a record he has to defend. but romney's problem is, this incredible reluctance to give any details about the loophole
choosing between current job creation and growth on the one hand, and deficit reduction on the other hand is a false choice. deficit reduction enacted now with enforceable limitation of limited period down the road would provide time, hopefully, for recovery to take gold and could contribute significantly to that recovery by ginger in economic confidence and by creating a fiscal content that would allow a stimulus. more broadly, the hamilton project convenes to liberation of her aspects of our broader shorter-term duress, including stimulus and mortgage relief. but our primary focus continues to be long-term economic policy. turning to the longer-term, our country has enormous strengths, dynamic and entrepreneur culture or ask not your resource, rule of law, flexible labor and capital markets, and so much else. dust, -- that's there are immediate hardships to be addressed. we are well-positioned to succeed for the transforming global economy. however realizing that potential requires sound fiscal conditions instead of the current unsustainable and dangers fiscal trajectory, strong public
year if congress and the administration can't end the rancor and agree on how to handle the deficit. the ratings agency fitch said today uncertainty about u.s. fiscal policy is the single biggest near-term threat to the global recovery. when you see washington act the way it's been acting, does it make you more cautious? hr of course. >> reporter: bayard winthrop launched american giant, a new men's clothing business in san francisco this year. but the indecision in washington, he says, is holding him back. >> it doesn't breed a lot of optimism. so we're hiring, but we're not hiring as aggressively as i think we would be if i had real confidence that we were on a pathway towards growth nationally. >> reporter: so in effect, washington is undermining the ionomy. >> i think that the lack of substantial and positive debate is undermining the economy. >> reporter: one piece of good news today, weekly first-time unemployment claims dropped to a two-month low. bor the labor department says the economy actually added nearly 400,000 more jobs over the past year than originally estimated. w
in virginia told veterans the nation's debt is more than just numbers on paper. >> trillion dollar deficits. that debt is owned by somebody. someone holds that. that puts america in a position of economic risk. >> reporter: but even supporters are split on how romney can win this race. >> there is more fire in the belly. >> he needs to stick with the facts. it's all about the economy. >> reporter: more than half the country already started voting days before the first presidential debate. more numbers now. gallup is reporting the president's approval rating is sticking at 50%. and this could turn out to be his best month in a year. >> tracie potts for us in washington. thank you. >>> last night on the rachel madow show bill burton talked to racel about the impact or lack thereof super packs are having on the romney campaign. >> on the republican side, the story they tell about mitt romney is there is no story about mitt romney. the story they tell about barack obama is well he's always bad things. if you're trying to figure out well what is it that -- what's the strategy here? how are we tr
their first game of the week investors were encouraged by spain taking tough measures to reduce its deficit one of the worst in euros known the doll produced 7 points higher while the nasdaq was up 42 points. american airlines says it will take its pilots union to course unless the union and its job action is accusing them of fighting back by filing more maintenance complaints to cause flight delays and cancellations and had a surge of cancel late flights since the beginning of the month pean says there is no slowdown but the union is angry over the company's decision to use bankruptcy protection to impose new work and payrolls. gaea quakes that have been hundreds of flights canceled. >>> picture is the season of giving and face that is getting into the act. did police they spoke as the king paid by thinking small the social media said started a new feature that will allow users to send small real life gives to their face but friends such as a copyright pastry or even stocks was a face of revenue comes from display advertising and it does get a% of each sale which if enough of these books
perot interviewed on the economy, the deficit, and debt, and how it has changed since he ran for president in 1992 and 1996. find the article in today's edition of usa today. ross perot tonight at c-span - at 9:00 eastern on c-span. >> we underestimate how much we forget. particularly if we have a fragmentary idea, a fleeting sense of something interesting that then disappears. one of the things i try to do is not just to write everything down but to keep everything together. don't overorganize your notes. don't put them in folders and things like that, because you want to allow collisions to happen between your ideas. the important thing is to go back can be read all your notes, from six years ago and revisit that passed self and all the ideas he or she had. that is what it was like for most of the great minds of the enlightenment. they would put together passages from the books they read that they were inspired by and they would write their own notes and then they would go back and read this book that was a kind of clipping of all these other ideas and their intellectual se
and the deficit is very important for a candidate to appeal to independents. mitt romney during the presidential primary here that he won convincingly eve emphasized that a great deal and i think that helped him with indianas. we are without a sales tax and income tax. people understand here that financial decisions have consequences. i can recall in 2000 when john mccain talked about the debt and the deficit the bush campaign at the time said what is he talking about? john mccain beat george bush here by 20 minutes in that prime rare re. bush retooled his message and barely won new hampshire by talking about the debt and the deficit. gregg: kevin in 2010 the last election there, if i understand it, if i recall correctly i think republicans won almost every office, but that doesn't mean it's going to happen that way this year, the pendulum could begin to swing in the other direction? >> that's correct. we had the largest republican sweep for a legislature of any state in the country in 2010. four years earlier in 2006 the democrats took control of the legislature at all levels of power for the f
cuts while addressing the deficit. lawmakers say no action will be taken until after november. >>> time now 5:04, the national pole is out, showing the race for the white house is still very close. according to a "c" nbc survey -- a cnn survey say they favor obama when it comes to the presidential nominee. mitt romney appeared to have an edge among likely voters. president barack obama appears to have an advantage when it comes to taxes, healthcare and foreign policy. now another pole shows the steaks are high when it comes to women voters. we will take you live to washington d.c. and we will hear how president barack obama and mitt romney are getting ready for tomorrow night's big bee bait. >>> allie rasmus joins us from outside the oakland coliseum with the celebration that followed the clencher, good morning allie. >> reporter: the team is headed to the playoffs, last night they secured one of the two wildcard spots in the american league west. with that the oakland a's beat the texas rangers and they had their hats on and there was plenty of champagne to celebrate and the party move
,000 tax bill next year. it's -- they couldn't agree on deficit reduction. fiscal cliff congress would have to fix it a quick point. the payroll tax cut that you're getting right now, it's likely not going to be extended. there will be higher taxes, maybe a little bit, maybe a lot depending what congress does. now, the new york attorney general filed suit against jpmorgan against the mortgage backed securities sold. the start of it all. the civil suit alleges that bear stearns which jpmorgan now owns and is responsible for, misled investors into thinking the toxic loans had been fully evaluated. even when bear stearns found out there were problems, the bank "failed to reform their practices or to disclose material information to investors." that's according to the complaint. total losses suffered, $22.5 billion in 2006 and 2007. here's the thing we can control. we can control what we're spending and buying this month. it's a new month and every month there are new deals. they're known -- every month is known differently for shoppers. according to deal news.com, here's what to buy and not bu
their deficit taxes, so now they have less tax revenues, so now they have to do it all over again. what i think is funny is that rajoy has said out loud i'm only going to look for a bailout if our interest rates go up. >> and interest rates have not gone up. >> draghi does him a big favor. so he says well, i'm going to wait and see until if i really need it. when you're running the country, you're not going to ask for a bailout until you start to be choked again by the bond market. >> 6%, is that the number? is it 7%? >> i've been told 8% for spain. and these countries really can hold out for a long time. they just have to make very, very hard choices. if they seek a program which is esfs and draghi step in to start buying their debt thark can go on far very, very, very long time. greece is going along just doing tea bills every two weeks. >> what's strange is how europe goes away and the markets here forget about it for weeks at a time and then all of a sudden it's back on the play. >> i think that -- the reason it went away is draghi took cataclysmic events off the table. so they're not going
the bush administration for the budget deficit. >> they had doubled the national debt in eight years. >> with his path to the white house shrinking, florida you is looking like a must win scenario for romney. but today paul ryan focused on new hampshire. the granite state has four electoral votes, but ryan said that could be the difference in a race that will come down to a handful of states. >> thank you, granite staters, for sending mitt romney to the white house and barack obama back to chicago. >> the campaign shifts to a different stage with wednesday night's high stakes showdown between president obama and romney. >> if you take a look at the history of debates, it is not about policy specifics. it is not really about facts. every change that happened in -- because somebody's style did badly or did well. >> both candidates will spend the next few days in intense prep sessions. trailing in the polls, romney may have the most on the line. his campaign is looking at this debate as a chance for a game changer. karen travers, abc news, washington. >>> the city and county of san fran
for the budget deficit. >> they had doubled the national debt in eight years. >> with his path to the white house shrinking, florida you is looking like a must win scenario for romney. but today paul ryan focused on new hampshire. the granite state has four electoral votes, but ryan said that could be the difference in a race that will come down to a handful of states. >> thank you, granite staters, for sending mitt romney to the white house and barack obama back to chicago. >> the campaign shifts to a different stage with wednesday night's high stakes showdown between president obama and romney. >> if you take a look at the history of debates, it is not about policy specifics. it is not really about facts. every change that happened in -- because somebody's style did badly or did well. >> both candidates will spend the next few days in intense prep sessions. trailing in the may have romney may have the most on the line. his campaign is looking at this debate as a chance for a game changer. karen travers, abc news, washington. >>> the city and county of san francisco are looking for poll workers
republicans and the bush administration for the skyrocketing deficit. >> by the time the reigns got turned back over to bach and me, they had doubled the national debt in eight years. >> with his path to the white house shrinking, florida is looking like a must-win area for romney. but his running mate focused on new hampshire. the granite state has just four electoral votes but ryan said it could be the difference in a race that will come down to a handful of states. >> thank you, granite staters, for sending mitt romney to the white house and barack obama back to chicago. >> the campaign shifts into a stink stage with the high stacks showdown 2003 president obama and romney. >> if you take a look at the history of the debates, it's not about policies or facts. every change that happens in a debate if you look at history, it changes because of somebody's mannerisms or style. they either did badly or well. >> both will spend the next few days in against prep sessions. trailing in the policy, romney may have the most on the line and his campaign is look at this debate as a chance for a game
for the second consecutive days. he slammed republicans and the bush administration for the skyrocketing deficit. >> by the time the reigns got turned back over to barack and me, they had doubled the national debt in eight years. >> with his path to the white house shrinking, florida is looking like a must-win area for romney. but his running mate ryan focused on new hampshire. the granite state has just four electoral votes, but ryan said it could be the difference in a race that will come down to a handful of states. >> thank you, granite staters, for sending mitt romney to the white house and barack obama back to chicago. >> the campaign shifts into a different stage with the high stakes showdown for president obama and romney. >> if you take a look at the history of the debates, it's not about policies or facts. every change that happens in a debate if you look at history, it changes because of somebody's mannerisms or style. they either did badly or well. >> both will spend the next few days in intense prep sessions. trailing in the polls, romney may have the most on the line and his campai
. romney only leads on handling the deficit but the two are split on the economy. obama is leading on medicare, health care. people find his international policies doing a little bit better, as well. the romney campaign is trying to cut into the margins and what has been obama's strength, to bring that down ahead of the debate on wednesday which will focus on domestic policy which is interesting that romney is going after foreign policy this week. >>shepard: i found it interesting, as well, but based on what has happened the last couple of weeks, i guess governor romney and his team think we have an opportunity here, why not seize it? >>guest: absolutely. we saw the op-ed today from romney. that's a point of weakness for obama at this point. so the romney campaign will go after that. foreign policy will be a big issue with only a little over a month to go. >>shepard: thank you, great to see you. >> administration folks are trying to figure out how the deadly attacks in benghazi occurred. a suicide bombing in afghanistan pushes the american casualty count beyond a grim milestone. th
that adds up to trillions of dollars in deficit why? because the giant tax cut for the rich. that's why he doesn't want get into the math, and that's why romney will have a tough time at the debates. facts are not on their side. obama has boxed them in on so many issues, highways been right wing. they can't criticize him from the progressive so they have to go further right. >> it is hard to understand why speaker boehner would walk away from this kind of deal. >> this used to be a republican idea by the way the individual mandate. it's like they have amnesia. >> i will close guantanamo. >> i believe we need to look forward as opposeed to looking backwards. >> n.a.t.o. will maintain an enduring commitment. >> we then offer additional $650 billion in cuts to entitlement programs. >> this is a targeted focused effort at people who are on a list. >> there are a lot of republican who is are puzzled as to why it couldn't get done. >> i told them i'm prepared to do additional spending cuts and entitlement reform. >> cenk: where are you going to go? he said he's going to do with entitlement cuts.
-term and concerns about the national debt and deficit. concerns about jobs specifically in colorado. if you look at the markets, from the time the president got in office until now, you can see the chart that we have. it just scales up and up an up. the administration also has a couple of positives in the housing. seeing positive sign in recent week and month. out thing private sector employment growing. they are but on the negative side. you have this list of stories that they're dealing with. the libya fall-out. the new stuff about fast and furious that william la jeunesse had tonight. you had the slow g.d.p. growth and revision down to 1.3. continued unemployment. the afghanistan policy questions i'm ran threat. then the u.s. -israel relationship. these are constant stories. what about the back and forth and putting it all in perspective? >> on friday, there will be another jobs report that isn't good enough. i don't think we will see change in the jobless picture either this friday or friday november 2. before the election. i think people made up their mind about the economy a while ago. the
to get reelected, he faces a deficit among women voters of about 12 points. interestingly though, the most politically damaging thing about that awkward introduction to the national political universe might not have been what mr. brown said about his daughters while they tried to make him stop, but what happened right before that. >> scott brown's victory is a shot heard around the world. here he is, the united states senator from massachusetts, scott brown. >> the man who introduced scott brown at his victory party was his dear friend and political ally mitt romney. these days if you went by massachusetts politics, if you only had massachusetts media fed into your home, you'd have no idea that the same guy was running for president. today was the second debate between scott brown and elizabeth warren. two things you'll remember in the first debate. the first the vee mans he attacked elizabeth warren on the basis of race in the first debate saying he could tell by looking at the law professor that she wasn't really native american. that was followed up by two scott brown tv ads a
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